DeSisto Duane M 4
Research Summary
AI-generated summary
Modular Medical Director Duane DeSisto Receives 83-Share Award
What Happened
- Duane M. DeSisto, a director of Modular Medical, Inc. (MODD), was issued an award of 83 shares on June 30, 2026. The Form 4 reports this as an award/grant (transaction code A); no per-share price or total dollar value is listed (N/A).
Key Details
- Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (timely filing within the SEC two-business-day window).
- Transaction type/code: Award/Grant (A).
- Shares issued: 83 shares (amount reflects a 1-for-30 reverse stock split effective March 31, 2026).
- Price/Value: Not reported on the Form 4 (marked N/A).
- Footnotes: F1 — shares issued under the Issuer's Outside Director Compensation Plan; F2 — share count adjusted for reverse split.
- Shares owned after transaction: Not disclosed in the summary information provided.
Context
- This was a compensation award to an outside director, not an open-market purchase or sale; such grants are routine director compensation and do not by themselves indicate insider sentiment about the company's stock. The reverse split note explains the relatively small share count.